Online travel firm Get Your Guide is set to achieve coveted unicorn status thanks to a $300m (£228m) cash injection from a group of investors, Sky News reported.
The Berlin-based travel company is said to be in advanced talks with Singaporean sovereign wealth fund Temasek Holdings over a $50m investment that will be announced in the next few weeks.
The investment forms part of a wider Series E funding round led by Softbank’s Vision Fund, the Saudi-backed fund with stakes in high-profile tech startups including Uber and Wework.
The new backing would take Get Your Guide’s value over the $1bn threshold, making it the latest startup to achieve unicorn status, sources told Sky News.
Get Your Guide, an online platform for sightseeing tours and activities, has grown rapidly since its launch in 2009 and now has more than 500 employees worldwide.
In November 2017 the German firm secured $75m in its Series D funding, led by investor Battery Ventures. To date it has raised more than $170m.
While the exact figure for the latest funding round is not yet clear, it is thought the company will raise more than $300m.
Get Your Guide declined to comment on the reports. Temasek could not be reached for comment.